SOL price trend shows a unique rhythm: Daily chart maintains an independent pace, while the hourly chart fluctuates with Bitcoin's ups and downs, initially dipping after 6 PM and then closely following Bitcoin's rebound in the early morning.
The daily chart closes with a doji small bearish candle, having formed a four-day consecutive bearish pattern, but the trading volume has not significantly released, continuing the oscillating downward trend.
This round of increase is driven by the 4-hour level momentum. Although the current price has touched the 4-hour EMA52 support level, the upward momentum at this level has shown signs of weakening. It is expected that the price will further decline, seeking support at the 8-hour or 12-hour levels, with a target area in the 138 - 141 range.
The operational strategy suggests building positions in batches at price levels of 120, 130, and 140, waiting for a new round of upward momentum, with short-term targets looking towards the 160, 170, and 180 price levels.
In the medium to long term, SOL will continue to oscillate and build a base in the 120 - 180 range, accumulating momentum for the main upward wave. Key resistance levels on the daily chart are 160, 172, 183, and 204, while support levels are 139, 127, 112, 98, and 82.
